Gold prices fall in Baghdad, drawing attention across Iraq’s key trading hubs. On Thursday, markets in both Baghdad and Erbil recorded noticeable declines. Traders reacted quickly, while buyers monitored the situation closely.
At the same time, gold prices fell in Baghdad as rates hovered near 1 million IQD per mithqal. This benchmark reflects five grams of gold. السوق activity showed a clear downward movement compared to the previous day.
In Baghdad, Al-Nahr Street remained the center of trading. Sellers offered 21-carat gold at 1,014,000 IQD per mithqal. Meanwhile, buyers paid around 1,010,000 IQD. Prices dropped compared to Wednesday, when gold reached 1,036,000 IQD. This shift highlights a rapid change in market sentiment.
Moreover, Iraqi 21-carat gold followed a similar trend. Sellers priced it at 984,000 IQD per mithqal. Buyers, however, offered about 980,000 IQD. This difference shows cautious trading behavior among investors.
In addition, jewelry shops across Baghdad displayed varied pricing. Gulf gold ranged between 1,015,000 and 1,025,000 IQD per mithqal. Iraqi gold ranged from 980,000 to 990,000 IQD. দোকান owners adjusted prices based on supply and customer demand.
Meanwhile, gold prices fall in Baghdad alongside similar changes in Erbil. Markets in the Kurdistan Region showed slightly different figures. However, the downward trend remained consistent.
In Erbil, 22-carat gold sold for 1,071,000 IQD per mithqal. At the same time, 21-carat gold reached 1,023,000 IQD. Additionally, 18-carat gold recorded 876,000 IQD. These figures reflect broader regional shifts in gold valuation.
Furthermore, traders expect continued fluctuations in the coming days. Global influences, currency movement, and demand levels continue to shape prices. Therefore, investors remain alert and cautious.
Overall, the decline signals a cooling phase in local gold markets. Prices may stabilize soon, but uncertainty still surrounds future trends. Buyers may see opportunities, while sellers may wait for recovery.
